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tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the real economy where we are seeing that a lot of the times when things are really bad the stock market keeps growing you know there's there's that you know i think i think it's a false dilemma now i think it's to me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with as you call the real economy but don't only focus on the real economy because of your own fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would nee
tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in...
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Feb 20, 2013
02/13
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to raise taxes. and democrats readily fall into the trap of providing tax revenue for the government, not because democrats are weak but because democrats are responsible when it comes to taxation, and republicans know they can rely on democrats being responsible. republicans know they never have to raise money to pay their bills. they know democrats will do that. george w. bush and his republican congress knew they could enact huge tax cuts, they knew they could completely wipe out the budget surplus that bill clinton created by raising taxes eight years earlier. republicans knew they could then rack up massive deficits and never even consider fact for the two wars that george bush started. republicans knew they could do all that because they knew eventually the responsible party would come back into power and raise taxes. but how would republicanism work if the democrats never came back into power? if funding the government was actually up to republicans and only republicans? according to their the
to raise taxes. and democrats readily fall into the trap of providing tax revenue for the government, not because democrats are weak but because democrats are responsible when it comes to taxation, and republicans know they can rely on democrats being responsible. republicans know they never have to raise money to pay their bills. they know democrats will do that. george w. bush and his republican congress knew they could enact huge tax cuts, they knew they could completely wipe out the budget...
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tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the real economy where we are seeing that a lot of the times when things are really bad the stock market keeps growing you know there's there's that you know i think i think it's a false dilemma and i think it's a me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with the as you call the real economy but don't only focus on the real economy because if you don't fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would ne
tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the...
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tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the the dire situation in the real economy where we are seeing that a lot of the times when things are really bad the stock market keeps growing you know and there's that you know i think i think it's a false dilemma now i think it's a me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with as you call the real economy but don't only focus on the real economy because of your own fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would need to wor
tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the the dire situation in the...
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Feb 16, 2013
02/13
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FBC
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but we are going to have to raise taxes and taxes probably a lot. i'm not saying that the buffett rule is the solution. do we need to look broadly at the whole income tax question. rich people move their income overseas and we need to look at the whole tax question. [talking over each other] [talking over each other] neil: i disagree with the premise that we have to raise taxes. my concern is there is a disproportion of attention to raising revenue than generators to cutting spending all the time. what are you going to do after this report came out, social security, they decide we are going to do with the income tax and i will solve it right there. in other words, immediate knee-jerk response will raise taxes. >> welcome i think the question is how much government do you want and how will you pay for it. if you want to get rid of the federal government, just close it down and lay that down. >> that would be a major benefit and huge boon for the economy. >> before you redistribute all this and, through taxes, it has to be created. that is what free m
but we are going to have to raise taxes and taxes probably a lot. i'm not saying that the buffett rule is the solution. do we need to look broadly at the whole income tax question. rich people move their income overseas and we need to look at the whole tax question. [talking over each other] [talking over each other] neil: i disagree with the premise that we have to raise taxes. my concern is there is a disproportion of attention to raising revenue than generators to cutting spending all the...
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tax emissions make it make your taxes to greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the real economy where we are seeing that a lot of the times when things are really bad the stock market keeps growing you know there's that you know i think i think it's a false dilemma now i think it's a me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with as you call the real economy but don't only focus on the real economy because of your own fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would need to work on
tax emissions make it make your taxes to greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the...
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Feb 15, 2013
02/13
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FBC
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it, taxes? >> i think it's a number of reasons. i think taxes are certainly a huge and-- it's such a huge key factor, but i also think that you know, you've got great quality of life down here. obviously, the weather is pretty much perfect year round, but certainly, you know, we've seen a lot of big business, recently moved to miami and governor scott in florida has done a great job with incentivizing big business to move to miami pand the hedge fund managers, apex fund services and all of these type of big business and big finance caters to these types of clients in this region and i think, certainly, miami is a lot more than beaches and cruise ships, now, there's a great cultural revival, huge emphasis on contemporary art and philanthropy. so it offers a total life style choice for these type of giants. >> do you encourage the tax, i'm not going to call it tax avoidance, but minimizization angle of your business, do you? >> well, i'm just happy that business is doing well, you know? and so we'
it, taxes? >> i think it's a number of reasons. i think taxes are certainly a huge and-- it's such a huge key factor, but i also think that you know, you've got great quality of life down here. obviously, the weather is pretty much perfect year round, but certainly, you know, we've seen a lot of big business, recently moved to miami and governor scott in florida has done a great job with incentivizing big business to move to miami pand the hedge fund managers, apex fund services and all...
WHUT (Howard University Television)
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Feb 13, 2013
02/13
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WHUT
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>> i still think that a progressive consumption tax or value added tax emphasize on the word progressive would be a good step for this country because if you look at the long term deficit forecast in both glen and david touched on this, let's assume for the moment the sequester or an equivalent amount of deficit reduction occurs all we done is stabilize the d of gdp ratio to 6 or 7% for the next eight years and then it explodes again. there's no scenario under which he we aren't going to have to as david said raise revenue pretty substantiately and i think a good way to do that would be either a carbon tax and/or a progressive. we're a long way from that. if you think simpson-bowles is hard an added tax would be excruciating. you can't count anything out because the size of the problem. >> rose: thank you roger i know you have to leave. thank you very much for joining us from boston. there's a piece in the paper about the president in the "new york times." how he's different this time. tell me what is the, what's the conventional wisdom in washington as to whether the president's mine se
>> i still think that a progressive consumption tax or value added tax emphasize on the word progressive would be a good step for this country because if you look at the long term deficit forecast in both glen and david touched on this, let's assume for the moment the sequester or an equivalent amount of deficit reduction occurs all we done is stabilize the d of gdp ratio to 6 or 7% for the next eight years and then it explodes again. there's no scenario under which he we aren't going to...
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Feb 15, 2013
02/13
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CNBC
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we're not done cutting taxes. we went to $2 billifrom $8 bill hole to $2 billion in sur applause plus. we have to reduce costs, keep regulations to a minimum and at the same time build our workforce. >> let me go to medicaid. you were very much opposed to obama care -- >> i still am. >> you've joined a small group of governor who is are taking the expansion from obama care. why did you oppose obama care and why does it now make sense for you in ohio to gone the medicaid dole? >> i didn't get into the state exchange and have them tell us what to do out here. i also don't believe in the individual mandate. at the same time, we're also going to control ability to regulate insurance inside the state of ohio by our people. but, larry, i've got $13 billion of ohio tax dollars that i can get back here over the next seven years to cover working poor, people who earn $15,000 or less. as a ceo of a state, you just don't turn that money down. it's our money, we usually don't get anything back. in addition to that, the federa
we're not done cutting taxes. we went to $2 billifrom $8 bill hole to $2 billion in sur applause plus. we have to reduce costs, keep regulations to a minimum and at the same time build our workforce. >> let me go to medicaid. you were very much opposed to obama care -- >> i still am. >> you've joined a small group of governor who is are taking the expansion from obama care. why did you oppose obama care and why does it now make sense for you in ohio to gone the medicaid dole?...
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Feb 15, 2013
02/13
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MSNBCW
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tax increases destroy jobs. >> since taxes destroy jobs, the only logical tax rate for the republican party in washington to support would be zero. on everything. personal income, capital gains, gasoline, every single federal tax rate should be zero. that is the logic of the republican position. in the world in which this guy is considered the leadi ining intellectual of the anti-tax movement, if washington had no democrats, taxes could never go up. they could only go down and they'd eventually go to zero or just low enough to pay for the defense department and nothing else. right? i mean, that's 21st century republicanism. or is it? if you want to see a world with no democrats, there's no better place to go than wyoming. the state's entire congressional delegation is republican. that's two senators and only one congressman. the governor of wyoming is a republican. the state senate has 26 republicans and 4 democrats. the state house has 52 republicans and 8 democrats. the state legislature is 85% republican in both bodies. governing in wyoming never requires the slightest consultation
tax increases destroy jobs. >> since taxes destroy jobs, the only logical tax rate for the republican party in washington to support would be zero. on everything. personal income, capital gains, gasoline, every single federal tax rate should be zero. that is the logic of the republican position. in the world in which this guy is considered the leadi ining intellectual of the anti-tax movement, if washington had no democrats, taxes could never go up. they could only go down and they'd...
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Feb 15, 2013
02/13
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CSPAN2
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and pay on my taxes. >> but did you pay taxes? did your in texas. >> i lost money on the investment. so, in fact, i lost money. i did not have a great deal of income. >> thank you. >> thank you. appreciate it. following the financial crisis many lessons are learned by many financial firms including city taking actions to improve their performance operations responsibilities. my questions relate to the time that you were there, and frankly i do now believe that i have a good understanding of your responsibilities as managing director and chief operating officer at citi group units. you have said that you were not involved in investment, decisions and portfolio management. however, while you may not have selected assets that citi invested in or managed any portfolio, citi group organizational charts seem to identify that you were tied to investing research, investment, and other such activities like liquid and illiquid operations. during your time on wall street it was not clear to me whether risky securities that were alleged to ha
and pay on my taxes. >> but did you pay taxes? did your in texas. >> i lost money on the investment. so, in fact, i lost money. i did not have a great deal of income. >> thank you. >> thank you. appreciate it. following the financial crisis many lessons are learned by many financial firms including city taking actions to improve their performance operations responsibilities. my questions relate to the time that you were there, and frankly i do now believe that i have a...
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Feb 20, 2013
02/13
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FOXNEWSW
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taxes have stayed the same since the 90s. as they struggle with fiscal problems they may turn to raising taxes on gas jeno case, liz great. we'll continue to watch the story basically oil companies are keeping their inventories low so they pay less taxes and state and local governments are raising taxes because they have financial issues as well. >> reporter: that's right. jenna: we get stuck in the middle. >> reporter: that's right. the thing with oil inch ten torreys being kept low. the market is saying the inventories are low we don't
taxes have stayed the same since the 90s. as they struggle with fiscal problems they may turn to raising taxes on gas jeno case, liz great. we'll continue to watch the story basically oil companies are keeping their inventories low so they pay less taxes and state and local governments are raising taxes because they have financial issues as well. >> reporter: that's right. jenna: we get stuck in the middle. >> reporter: that's right. the thing with oil inch ten torreys being kept...
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Feb 16, 2013
02/13
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when we talk about taxes and tax reform, the polls are a part of tax reform. closing loopholes is as necessary to pay for ticket tax rates down to have -- to help businesses, to create jobs, to get people back to work. if we use to pull to chase higher spending than we are forgoing tax reform and missing our opportunity for economic growth. i just want to make that very clear for the record because people here rhetoric to the contrary. >> thank you, mr. chairman. first, just a little bit on the math. the chairman pointed out that while we will have 1.5 trillion dollars in cuts over the next 10 years as a result of the spending caps, there were other onetime spending measures. that includes a payroll tax cut which is probably the single biggest item in that. i think we should have faced that out rather than having gone cold turkey. the point is a big chunk of that number has to do with lost revenue from a payroll tax cut that was supported by the great majority in this body. as i said in my opening remarks, i think our overall objective in the short, medium, an
when we talk about taxes and tax reform, the polls are a part of tax reform. closing loopholes is as necessary to pay for ticket tax rates down to have -- to help businesses, to create jobs, to get people back to work. if we use to pull to chase higher spending than we are forgoing tax reform and missing our opportunity for economic growth. i just want to make that very clear for the record because people here rhetoric to the contrary. >> thank you, mr. chairman. first, just a little bit...
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Feb 14, 2013
02/13
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CSPAN
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when we talk about taxes and tax reform, loopholes are part of tax reform. closing loopholes, which is what we have proposed for years , is necessary to get tax rates down and have a globally competitive tax code, create jobs. if we use loopholes to chase higher spending, we are foregoing tax reform and missing our opportunity for economic growth. that is what i want to make clear. we will hear rhetoric to the contrary. >> thank you, mr. chairman. a little bit on the math. the chairman pointed out that while we will have $1.5 trillion in cuts over the next 10 years as a result of the spending caps, there were other one-time spending measures, including the payroll tax cut, the biggest single item and that issue. there was agreement that given top economic times it was important to provide a payroll tax. we should have phased that out whether than having gone cold turkey. a big chunk had to do with lost revenue from a payroll tax cut that was supported by a great majority in this body. i think that our overall objective is to expand the economy, grow jobs, an
when we talk about taxes and tax reform, loopholes are part of tax reform. closing loopholes, which is what we have proposed for years , is necessary to get tax rates down and have a globally competitive tax code, create jobs. if we use loopholes to chase higher spending, we are foregoing tax reform and missing our opportunity for economic growth. that is what i want to make clear. we will hear rhetoric to the contrary. >> thank you, mr. chairman. a little bit on the math. the chairman...
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Feb 18, 2013
02/13
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CSPAN
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cut taxes for working people with a 10p tax cut and we would pay for that with that tax. we think it would bring it around 1.7-2 billion pounds. that would allow us to do a 1,000 pounds for taxpayers. i think it shows whose side labour is on and the action now would help living standards. the bank said yesterday they are going to fall for three more years, that is not good. that will help to get the economy moving. >> i think this is labour both facing up to the central issue that will our country faces, which i believe is the living standards crisis. and showing that we want to do something about it that would make a difference to the families. it is also facing up very clearly to a very, very bad mistake we made in government. we're saying it is wrong. we got it wrong. and we're determined to put it right, think is more oppositions that are responsible listen and understand and that's what we're doing today. another question. >> richard. i just -- as the parents of children age 14 and 17, i'm interested to know, really, more about this technical that you mentioned. i kn
cut taxes for working people with a 10p tax cut and we would pay for that with that tax. we think it would bring it around 1.7-2 billion pounds. that would allow us to do a 1,000 pounds for taxpayers. i think it shows whose side labour is on and the action now would help living standards. the bank said yesterday they are going to fall for three more years, that is not good. that will help to get the economy moving. >> i think this is labour both facing up to the central issue that will...
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troubling taxes your. small business left at home struggling to stay afloat a report on that is coming up after a break. speak your language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the ip interviews intriguing stories for you. to find out more visit. use continues here on r t reports say cattle has handed the syrian embassy to the opposition the building has been closed for about a year after the gulf nations cease to recognize as a ruling regime one of syria's opposition leaders claims he has been appointed ambassador to cattle for for more on this i can talk to london based syrian political activist abdullah that qatar is the first to handover an embassy to the syrian national coalition are we likely see other countries follow his example nell . it's quite possible that other countries will follow especially countries on qatar exercise financial or. is this a positive step could actually now effectively push this conflict to some sort of conclus
troubling taxes your. small business left at home struggling to stay afloat a report on that is coming up after a break. speak your language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the ip interviews intriguing stories for you. to find out more visit. use continues here on r t reports say cattle has handed the syrian embassy to the opposition the building has been closed for about a year after the gulf nations cease to recognize as a...
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Feb 14, 2013
02/13
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CSPAN
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last year, we showed the tax expenditures through the individual income tax and the payroll tax were larger than government spending in social security, larger than spending on defense, larger than spending on medicare. the distribution varies a good deal across tax expenditures. some of them benefit higher income people, disproportionately. others are more focused on lower income people. we have some work under way. >> there's a lot of complaints about the 50% of the people who don't pay any income tax and so, i mean, the tax expenditure program for homeowners and for charitable donations, which are good tax expenditures, there's a lot of waste in it as well. i just want to -- i just want to you stipulate in your testimony here that in fact there is a lot of spending that is done through tax expenditure programs and it increases the income disparity. >> i think -- >> and regressive. >> i think many economists agree that tax expenditures are best thought of as government spending, even though they appear in the budget -- >> and they're regressive. are they regressive? >> we have work
last year, we showed the tax expenditures through the individual income tax and the payroll tax were larger than government spending in social security, larger than spending on defense, larger than spending on medicare. the distribution varies a good deal across tax expenditures. some of them benefit higher income people, disproportionately. others are more focused on lower income people. we have some work under way. >> there's a lot of complaints about the 50% of the people who don't pay...
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Feb 14, 2013
02/13
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nature of the tax increase. bylet's assume it is done tax rate increases. >> it is dependent on whose tax rates were cut. but in general -- >> on the top 1% again that includes small business owners. replaced by an avifflet equivalent dollar amount, that would be an improvement for the economy because we think the pro pencity to spend would be smaller dollar for dollar than the spending -- >> the lady on the corner that owns the dry cleaning store who has her taxes increased dramatically is going to invest as much in the economy and continue with expansion plans that she had prior to that tax increase? >> i think, congressman, that the lady on the corner would find that people would come in with dry cleaning if they were the people who were working for the government or working in government contracts of the sort that would be increased by taking away the sequester. i'm not trying to play a game but that is the effect we have in mind. what businesses are most for their products. >> under that line of thinking, w
nature of the tax increase. bylet's assume it is done tax rate increases. >> it is dependent on whose tax rates were cut. but in general -- >> on the top 1% again that includes small business owners. replaced by an avifflet equivalent dollar amount, that would be an improvement for the economy because we think the pro pencity to spend would be smaller dollar for dollar than the spending -- >> the lady on the corner that owns the dry cleaning store who has her taxes increased...
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Feb 18, 2013
02/13
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CSPAN
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when he put the top rate of tax up to 50p, millionaires paid 7 billion pounds less in tax. that is what happened under his plan. but i'll tell hi them what is gg to happen in april. every single taxpayer in this country, all 24 million of them, willsee a tax cut as we raise the personal allowance. as we get close to the goals that we have of being able to earn 10,000 pounds, without paying any income tax at all. and, of course, the biggest tax cut has been for those hard-working people on minimum wage going out to work day after day who have seen their income tax bill cut i half. that's who we stand for and that's who we are helping. >> no matter how much you bluster she knows the truth. he is cut tax credits, people are worse, not better off. andoesn't it speak to how out of touch he is, mr. speaker? last week he attended the tory party winter ball. he opened up a portrait of himself for 100,000 pounds, and then -- aughter] >> and then -- [shouting] >> and then, mr. speaker, and then, mr. speaker, and then, mr. speaker, he declared without a hint of irony the ries are no l
when he put the top rate of tax up to 50p, millionaires paid 7 billion pounds less in tax. that is what happened under his plan. but i'll tell hi them what is gg to happen in april. every single taxpayer in this country, all 24 million of them, willsee a tax cut as we raise the personal allowance. as we get close to the goals that we have of being able to earn 10,000 pounds, without paying any income tax at all. and, of course, the biggest tax cut has been for those hard-working people on...
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competitive edge if they're a country with low taxes and with high taxes capital flow well to country with low taxes and the same is true for people with talent there's always going to be people that think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business very hard to owns a whole each company in munich currently he employs around ninety people transporting everything from the small to the big and bulky all over mainland europe he says that lowering the current rate of tax would not just make big changes to his business but also to the lives of his staff that's where not only can he's with him. he would be super first i could pay higher salaries this is a very important issue right now due to the rise in the cost of living also i can invest more into the company and grow the business even employ more people everyone benefits something that is impossible under the current tax system and that those in power argue that the problem in european countries right now is that taxpayers want to have the best of b
competitive edge if they're a country with low taxes and with high taxes capital flow well to country with low taxes and the same is true for people with talent there's always going to be people that think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business very hard to owns a whole each company in munich currently he employs around ninety people transporting everything from the small to the big and bulky all over...
SFGTV: San Francisco Government Television
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Feb 13, 2013
02/13
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SFGTV
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, sales tax, hotel tax will continue to be strong. aggregate discretionary revenues, a is up set of the revenues within the general fund and we have baseline requirements as identified in the charter. as you know, mta receives a significant amount of money from the general fund and with the additional good news, we will be depositing another $5.2 million to the mta in this year. additionally the library baseline will receive an additional 1.3 million, and the public education fund baseline will receive another 200,000. so, this is above and beyond the amount that was budgeted for each of these three areas. and then above and beyond that, mta receives a, an amount that's similar to the parking tax and, so, they will receive another 2.7 million. so, mta together will be receiving 7.9 million. it's the 5.2 for the baseline and the 2.7 in the parking tax. so, the total amounts that we need to deposit into these various base lines amount to $9-1/2 million in the current year. so, in part of the exercise and analysis we do for the six-month
, sales tax, hotel tax will continue to be strong. aggregate discretionary revenues, a is up set of the revenues within the general fund and we have baseline requirements as identified in the charter. as you know, mta receives a significant amount of money from the general fund and with the additional good news, we will be depositing another $5.2 million to the mta in this year. additionally the library baseline will receive an additional 1.3 million, and the public education fund baseline will...
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Feb 13, 2013
02/13
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CSPAN2
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when he put the top rate of tax up to 50p, millionaires paid 7 billion pounds less in tax. that is what happened under his plan. but i'll tell hi them what is gg to happen in april. every single taxpayer in this country, all 24 million of them, will see a tax cut as we raise the personal allowance. as we get close to the goals that we have of being able to earn 10,000 pounds, without paying any income tax at all. and, of course, the biggest tax cut has been for those hard-working people on minimum wage going out to work day after day who have seen their income tax bill cut in half. that's who we stand for and that's who we are helping. >> no matter how much you bluster she knows the truth. he is cut tax credits, people are worse, not better off. and doesn't it speak to how out of touch he is, mr. speaker? last week he attended the tory party winter ball. he opened up a portrait of himself for 100,000 pounds, and then -- [laughter] >> and then -- [shouting] >> and then, mr. speaker, and then, mr. speaker, and then, mr. speaker, he declared without a hint of irony the tories
when he put the top rate of tax up to 50p, millionaires paid 7 billion pounds less in tax. that is what happened under his plan. but i'll tell hi them what is gg to happen in april. every single taxpayer in this country, all 24 million of them, will see a tax cut as we raise the personal allowance. as we get close to the goals that we have of being able to earn 10,000 pounds, without paying any income tax at all. and, of course, the biggest tax cut has been for those hard-working people on...
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Feb 17, 2013
02/13
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taxes." this same report states that nebraska's top personal income tax rate is the 35th highest in america and higher than every one of our neighboring states. additionally, 23 states exempt a portion of or all retired military pay, but nebraska does not. forty-three states exempt a portion of or all social security income from taxation, but nebraska does not. forty-two states don't have an inheritance tax, but nebraska does. according to the tax foundation, nebraska's business tax climate is 31st out of fifty states. that's mediocre at best. we are not even in the top half of all states. missouri is 16th. colorado is 18th. kansas is 26th. wyoming and south dakota are one and two. only iowa ranks lower at 42nd. while rankings are important, this is really about the next generation of nebraska's leaders -- our sons and daughters, and our grandchildren. how many of you have sons and daughters, grandchildren, brothers and sisters and other family members who no longer live in nebraska because t
taxes." this same report states that nebraska's top personal income tax rate is the 35th highest in america and higher than every one of our neighboring states. additionally, 23 states exempt a portion of or all retired military pay, but nebraska does not. forty-three states exempt a portion of or all social security income from taxation, but nebraska does not. forty-two states don't have an inheritance tax, but nebraska does. according to the tax foundation, nebraska's business tax...
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Feb 17, 2013
02/13
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a tax cut whittled with loopholes -- a tax code riddled with loopholes. that allows the wealthy had to fund manager to pay less rate of taxes that a nurse, for example. it is very interesting that all this talk we have about sequester talks about the programs that hit the hardest on the homeless and the helpless, the disabled. and yes, also the middle class. what are we talking about a sequester that when the curtain falls, it also falls on all these tax loopholes. let those and on the same day on which we are going to cut back the spending that allows us to educate our kids with disabilities. we are not talking about that. i take exception to those that say we have a spending problem. misallocation of capital. in the 1990's when we had a balanced budget and a growing economy, our revenues were about 20% of our gdp. now it is 16% of our gdp. that equals more of a burden on families with kids with disabilities. people are homeless, trying to find a place to live. shelter for our veterans. and the middle class people that work on the jobs that protect our c
a tax cut whittled with loopholes -- a tax code riddled with loopholes. that allows the wealthy had to fund manager to pay less rate of taxes that a nurse, for example. it is very interesting that all this talk we have about sequester talks about the programs that hit the hardest on the homeless and the helpless, the disabled. and yes, also the middle class. what are we talking about a sequester that when the curtain falls, it also falls on all these tax loopholes. let those and on the same day...
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Feb 13, 2013
02/13
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sequestration or tax hikes. >> now is not the time to raise taxes. the president got his $800 billion tax hike just about a month a half ago. if we raise taxes again it is going to read chill or kill economic growth, and if that happens we have no. neil: to you feel that by what happened is the old argument, you don't give an inch or help take a mile. he has taken is mild. i get them to accept tax hikes. i can get into accepted again. they're disorganized and over the map. i have them on the run and that will go for more tax hikes. what do you say? >> i don't think that we're going to go for it. of the republicans in the house or senate will respond with anything other than a real sense of opposition to a proposal to raise taxes yet again. neil: senator, he has opened to revenues and and not putting words in his mouth, but closing loopholes especial allowances, but he puts that out there right away. is that a mistake? >> well, to the extent that that is what he is suggesting, and that don't want to speak for him or any of my colleagues, but to the ex
sequestration or tax hikes. >> now is not the time to raise taxes. the president got his $800 billion tax hike just about a month a half ago. if we raise taxes again it is going to read chill or kill economic growth, and if that happens we have no. neil: to you feel that by what happened is the old argument, you don't give an inch or help take a mile. he has taken is mild. i get them to accept tax hikes. i can get into accepted again. they're disorganized and over the map. i have them on...
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Feb 19, 2013
02/13
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FBC
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it's kind of a sales tax. health insurers have to pay this tax back into the government. and so what basically is going on is too important groups in washington d.c. the congressional budget office and the joint committee on taxation are saying get this, at the consumers, businesses are going to have their health insuranceremium go up because the health insurance industry is going to pass this tax along. and the number here. $101 billion over ten years. how that maps out, what that equates to four, you know, insurance premium hikes for the average family, $7,200 over two years. the $720. lou: an addition to all the other taxes. >> that's right. lou: this is a stunning stuff. >> it's a whopper. it runs counter to what the president is said. you are going to keep your health insurance as it is right now. you may save money and your health insurance. that's not the case. does not overseeing. lou: we are hard-pressed rather than to say what the president misrepresented got to find anything but he said that was correct as he sold obamacare to the american people. i honestly ca
it's kind of a sales tax. health insurers have to pay this tax back into the government. and so what basically is going on is too important groups in washington d.c. the congressional budget office and the joint committee on taxation are saying get this, at the consumers, businesses are going to have their health insuranceremium go up because the health insurance industry is going to pass this tax along. and the number here. $101 billion over ten years. how that maps out, what that equates to...
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Feb 19, 2013
02/13
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FBC
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that's essentially a tax. we've got an economist who is warning of recession if gas prices keep going up. and the opening bell after a three-day weekend, 14,000 on the dow next. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >> about one minute from now, i confidently predict into the dow industrial average will be at 14,000, where we start when we start trading. i've got a brief time before the market opens, david. and ask this question, will the gas price spike lead us into another recession. >> if it persists, the answer is yes, if it's quickly, the answer is no. stuart: and another question, do you expect this price spike to persist? >> yes, it's not over. we've got a refining capacity contraction in the u.s., it'
that's essentially a tax. we've got an economist who is warning of recession if gas prices keep going up. and the opening bell after a three-day weekend, 14,000 on the dow next. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places...
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Feb 18, 2013
02/13
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WJZ
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i'm bob, we talked at the tax store. i did your taxes. i thout you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. [ female announcer ] how do you define your moment? the blissful pause just before that rich sweetness touches your lips. the delightful discovery the mid-sweetening realization that you have the house all to yourself. well, almost. the sweet reward making a delicious choice that's also a smart choice. splenda no-calorie sweetener. with the original sugar-like taste you love and trust. splenda makes the moment yours. >>> tens of thousands jammed st. peter's square in vatican city sunday for pope benedict's second to last republican appearance. he'll step down at the end of the month, and the vatican says a new pope could be installed by mid-march. pope benedict's last public appearance is scheduled for sunday. >>> in russia, a
i'm bob, we talked at the tax store. i did your taxes. i thout you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. [ female announcer ] how do you define your moment? the blissful pause just before that rich sweetness touches your lips. the delightful...
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Feb 14, 2013
02/13
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FBC
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high tax, low tax. it's all about taxes. cheryl casone is live in miami beach in the next hour and tell us exactly how many people left high tax new york for no tax florida. that's over the past couple of years and it's a big number, by the way, and that will be new at ten. we want to hear from you, too, as always. e-mail us now, please, varney@foxbusiness.com. seven early movers, it's thursday morning, here we go. cisco, very interesting, i call it a door stopper stock. it's been revealed that they have 46 billion dollars in cash. 46 billion, but 39 billion dollars of it is overseas, outside america. chief executive john academy berce says, you bring the money back to america, you'd like to bring it back just so he could buy stuff, buy other companies. he's got a problem. if he brings it back here, he pays a 35% tax rate so he's holding off for a tax holiday. 2065 on cisco, it's a door stopper. higher profit and disappointing outlook at pepsi, where is that stock, it's up a buck. whole foods is is in the news, weaker sales
high tax, low tax. it's all about taxes. cheryl casone is live in miami beach in the next hour and tell us exactly how many people left high tax new york for no tax florida. that's over the past couple of years and it's a big number, by the way, and that will be new at ten. we want to hear from you, too, as always. e-mail us now, please, varney@foxbusiness.com. seven early movers, it's thursday morning, here we go. cisco, very interesting, i call it a door stopper stock. it's been revealed that...
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Feb 13, 2013
02/13
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CNBC
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tax reform. using energy resources. those are the types of proposals that he needs to make. that is what creates a lot of revenue. that would reduce our deficits but that is not the change of the course unfortunately. >> might obama surprise us tonight? larry summers wrote about this. might he surprise us and be more pro growth? >> he is. he has to have a strong middle class. the middle class has been under attack. and i think what you are boeing to see this president is going to want to put middle class people to work. we want to help the middle class but we have had the obama formula. we have had the spending and the temporary tax rebates and we haven't had the growth. where is the goods on this where is the beef on this? >> when we have had what we had in 2008, i think we did pretty well from that. it is true. in order to build this country. you have to have a strong middle class. the top 1% makes 225 times as much as the bottom. i don't think we ought to raise taxes but we need to make sure t
tax reform. using energy resources. those are the types of proposals that he needs to make. that is what creates a lot of revenue. that would reduce our deficits but that is not the change of the course unfortunately. >> might obama surprise us tonight? larry summers wrote about this. might he surprise us and be more pro growth? >> he is. he has to have a strong middle class. the middle class has been under attack. and i think what you are boeing to see this president is going to...
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Feb 13, 2013
02/13
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FBC
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we can't tax anymore. if we tax anymore, we have the highest corporate tax rate. most people that the are running subchapter-s corporations, small businesses are now paying close to 50% if you're in a state like california, new york, you're paying more than 50% in tax. the top 5% pay over 50% of the income tax revenue in this country. this has to stop. the president has to stop this. and i don't think, i think he understands government. i don't think he understands that a vigorous government requires a vigorous private sector. the only way you will get a vigorous private sector if the government backs off and let's the dynamic energy of the private sector go forward. neil: he will be talking about not only bigger government but smarter government. government can do a lot of good. do you think government can? >> look, we don't need smarter government. we don't need more efficient government. we needless government. people in middle class and people in the lower classes they don't need more government, they need jobs. we need to create jobs. we need the economy to g
we can't tax anymore. if we tax anymore, we have the highest corporate tax rate. most people that the are running subchapter-s corporations, small businesses are now paying close to 50% if you're in a state like california, new york, you're paying more than 50% in tax. the top 5% pay over 50% of the income tax revenue in this country. this has to stop. the president has to stop this. and i don't think, i think he understands government. i don't think he understands that a vigorous government...
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Feb 13, 2013
02/13
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he never raised taxes, president reagan lowered taxes. so the economy was still able to beat those headwinds that came with the clinton tax hikes. it continued to grow under reagan's tax in the 1980's. we need to look at something different. what we're doing is not working. all this spending and the spending the president provides is not going to get us where we need to be. it has not worked in the last four years. what the health care reform plan, some callers have said that this is good for the middle class. it hasn't. everyone i know has seen a tremendous hike in their health care premiums. >> we will go now to a re-air of president obama's state of the union address and marco rubio's g.o.p. response. >> mr. speaker, the president of the united states! [applause] >> thank you. thank you. mr. speaker, mr. vice president, members of congress, fellow citizens -- fifty-one years ago, john f. kennedy declared to this chamber that "the constitution makes us not rivals for power but partners for progress." "it is my task," he said, "to report
he never raised taxes, president reagan lowered taxes. so the economy was still able to beat those headwinds that came with the clinton tax hikes. it continued to grow under reagan's tax in the 1980's. we need to look at something different. what we're doing is not working. all this spending and the spending the president provides is not going to get us where we need to be. it has not worked in the last four years. what the health care reform plan, some callers have said that this is good for...